2 bedroom retail property (high street) to rent

Bank Street, Newquay

1,860 sq. ft. | £50,000 pa| £4,167 pcm

Property Description

Commercial information

  • 1,860 sq ft (172 sq m)

Key features

  • Over 1860sq ft current retail area, plus ancillary and flat
  • Central town location, close to pedestrian area
  • Ground and first floor trading / dining
  • Former KFC restaurant with late licence
  • Second floor residential flat
  • Vacant possession
  • Available immediately

Full description

Substantial retail / restaurant premises in the centre of Newquay available on a new lease with no ingoing

Ground floor retail area: 1,066 sq ft (99.1 sq m)
First floor retail area: 802 sq ft (74.5 sq m)

Additional ancillary accommodation and 2 bed flat

Location - The town of Newquay is located on the north coast of Cornwall and is the countys principal tourist destination. It is approximately 10 miles (16 km) to the north of Truro and 6 miles (10 km) from the A30, which provides a dual carriageway link to the M5 at Exeter. The town benefits from a population of approximately 20,000 which increases significantly during the tourist season.

The property is located close to the pedestrianised area of Bank Street close to the towns nightclubs and beaches for which Newquay is famous. Nearby retailers include Specsavers, M & Co, Clarks Shoes and Costa Coffee.

Description - The property comprises an end terraced three storey building which originally comprised two retail units. Now joined the ground floor offers open plan retail space with customer staircase leading to a first floor retail area at one side. The first floor includes ancillary accommodation and staff toilets and the second floor is currently arranged as a 2 bedroom flat (No separate access).

Accommodation - The accommodation extends to the following approximate net internal floor areas which have been measured in accordance with the RICS Code of Measuring Practice.

Ground And First Floor - 287.12m (942) - Ground floor retail area 1,066 sq ft / 99.1 sq m
First floor retail area 802 sq ft / 74.5 sq m
Total retail area 1,868 sq ft / 173.6 sq m

Ground Floor Stores - 63 sq ft / 5.8 sq m

First Floor Stores / Offices / Ancillary - 285 sq ft / 26.4 sq m

Second Floor (2 Bedroom Flat) - 250.24m (821) - 821 sq ft / 76.3 sq m

Total For All Areas Combined - 3,979 sq ft / 369.6 sq m

Tenure - Leasehold

Services - We understand that mains water, electricity, gas and drainage are connected to the premises. However, the services have not been tested and we advise all interested parties to make their own enquires of the necessary statutory authorities

Planning - The property has most recently been used for retail purposes as a Kentucky Fried Chicken Restaurant. We suggest that interested applicants make their own enquiries of the Local Planning Authority, Cornwall Council Department on 0300 1234 151 Email: planning@cornwall.gov.uk

Terms - The premises are offered by way of a new full repairing and insuring lease. (Subject to early surrender of an existing lease which expires in January 2017).

Rent - £50,000 per annum

References / Rental Deposit - An incoming tenant will be required to provide reference information and/or accounts information prior to agreeing terms. A rental deposit may be requested.

Business Rates - We understand from enquiries of the Valuation Office Agency website www.voa.gov.uk that the premises are currently assessed for rating purposes as follows:

Rateable Value for Shop and Premises: £39,750
Flat - Council Tax: Band B

Interested parties should make their own enquiries to the local rating authority, Cornwall Council, on 0300 1234 171. Email: revenues@cornwall.gov.uk to ascertain the exact rates payable.

Legal - Each party to be responsible for their own legal costs.

Vat - Under the Finance Acts 1989 and 1997, VAT may be levied on the Rent/Sale price. We recommend that the prospective tenants/purchasers establish the VAT implications before entering into any agreement.

The code for leasing business premises in England and Wales 2007
Please see
www.leasingbusinesspremises.co.uk

Asbestos Regulations - It is the responsibility of the owner or tenant of the property, and anyone else who has control over it and/or responsibility for maintaining it to comply with the Control of Asbestos Regulations (CAR 2012). The detection of asbestos and asbestos related compounds is beyond the scope of Start & Co. and accordingly we recommend you obtain advice from a specialist source.

Energy Performance Certificate - An assessor has been instructed to provide an up to date EPC for the property which will be available shortly.

Viewing Arrangements / Further Information - Tel: 01637 875847
Email: bradley@starts.co.uk

Start and Co
12a Cliff Rd
Newquay
Cornwall TR7 2NE


More information from this agent

Nearest stations

  • Newquay (0.4 mi)
  • Quintrell Downs (2.5 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Start & Co, Newquay

25 Cliff Road, Newquay, TR7 2NE

01637 470008 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Map & Street View

Nearest stations

  • Newquay (0.4 mi)
  • Quintrell Downs (2.5 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Start & Co, Newquay

25 Cliff Road, Newquay, TR7 2NE

01637 470008 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Disclaimer - Administration fees may apply when renting a property in England, Wales or Northern Ireland. For more details, please contact the agent.

Property reference 26592583. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Start & Co, Newquay.

Please refer to our Renting Guides for further information on how to safely rent a property.

Map data OpenStreetMap contributors.